Shiba Inu Hits 102 Trillion SHIB Level, Will It Rise Higher?

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As a seasoned analyst with a decade of experience in the volatile world of cryptocurrencies, I’ve seen my fair share of market fluctuations and trends that would make even the most hardened investor question their sanity. However, when it comes to Shiba Inu (SHIB), this dog-themed crypto has been nothing short of a rollercoaster ride.

Starting 2025 on a positive note, SHIB’s recent surge from $0.00002 to $0.00002383 is a testament to the unpredictable nature of the crypto market. With its three-day winning streak and a weekly gain of 10%, it seems that the hound of the digital world has found its leash once again.

The broader cryptocurrency market’s rise, coupled with increased investor interest at the start of the new year, has undoubtedly contributed to SHIB’s performance. However, as an analyst, I can’t help but remind everyone that altcoins are notorious for their volatility – higher profits and losses are the name of the game in this space.

Looking at the current situation, SHIB is trading at the lower end of a crucial range where over 102 trillion SHIB are being held by Shiba Inu addresses. While it faces slight resistance until $0.000024 as a minor 39 billion SHIB is being held here, a decline could find support in the range between $0.000019 and $0.000022.

In my experience, predicting the next move for SHIB can be as elusive as trying to catch a frisbee with your teeth while riding a skateboard. But hey, that’s what makes it fun, right? So buckle up and enjoy the ride, fellow crypto enthusiasts – the market never sleeps!

And just for a bit of levity: If this crypto rally continues, who knows? Maybe one day we’ll see Shiba Inus moonwalking on the moon!

2025 has seen Shiba Inu (SHIB), the digital currency with a dog theme, kick off on an optimistic trajectory. Remarkably, SHIB started climbing from its initial low of $0.00002 on New Year’s Day. The upward trend continued to gather pace, peaking at an impressive high of $0.00002383 in today’s trading session.

If Shiba Inu finishes today’s trading up, it will have notched three consecutive daily gains to start the New Year.

As a crypto investor, I’ve noticed an uptick in the broader digital currency market as we kick off the new year. Many cryptocurrencies are seeing substantial growth, with several Bitcoin alternatives outperforming. The volatility of altcoins, offering potential for both higher profits and losses, seems to be driving this trend.

The initial surge in Crypto this year might also be credited to a traditionally robust performance by digital assets during the first quarter.

It seems that the optimistic atmosphere surrounding the market may have played a role in SHIB’s recent growth. Currently, SHIB stands at $0.00002363, representing a 4.44% increase over the past day and a 10% surge over the last week. Moreover, the trading volume for Shiba Inu has exceeded half a billion dollars in the last 24 hours, suggesting a growing curiosity towards this cryptocurrency.

102 trillion SHIB range hit, what’s next

As an analyst, I find myself observing that the recent surge has propelled SHIB into a significant holding range, with more than 102 trillion SHIB now in the possession of Shiba Inu wallets.

As a crypto investor, I’ve discovered that approximately 102.57 trillion SHIB were accumulated across 80,900 unique wallets, with the majority of these purchases made within the price range of $0.000022 to $0.000024, averaging at around $0.000023, according to IntoTheBlock data.

Currently, Shiba Inu is being traded near the lower limit of its range, priced at approximately 0.0000236 USD. In the coming period, Shiba Inu might encounter slight resistance at around 0.000024 USD due to roughly 39 billion SHIB being held there as a minor roadblock.

In simpler terms, the significant obstacle for SHIB’s further price increase appears to be located within the price range of $0.000024 to $0.00003. Approximately 70 trillion SHIB are currently being stored in about 207,630 different wallets at these prices.

Conversely, it’s anticipated that backing will be provided swiftly within the price range between $0.000019 and $0.000022, should there be a drop. This is because approximately 28.77 trillion SHIB are currently being managed by around 47,250 Shiba Inu wallets.

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2025-01-03 18:51